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Guardian

Admin Login

Performing an Admin Login (TT User Setup Super Administrator or TT Administrator)

The Admin login allows a TT User Setup Super Administrator (Guardian 7.17 or higher) or a TT Administrator (versions earlier than Guardian 7.17) to access the for configuring trading environment parameter controls, such as updating the Product Table Setup, Currency Table Setup, , Locked Accounts, and Generating a DH Parameters File. You can reset accounts that have exceeded the login attempt limit from this menu and use your Admin login to access WAN Routing (refer to ).

To perform an admin login:

  1. To open Guardian, double-click the TT icon in the System Tray.
  2. On the File menu, click Admin Login.

    The TT Exchange Login – Administrator dialog box displays.

  3. In Guardian 7.17 and higher, enter the TT User Setup Super Administrator Username; in versions earlier than Guardian 7.17, enter valid IDs for the TT Administrator in the following fields:
    • Member ID
    • Group ID
    • Trader ID
  4. In the Password box, type a valid administrator password. The password should be associated with the user name from the previous step.
  5. Click Login.

You now have access to the Admin and WAN Routing menus.

Note: An administrator who uses TT User Setup Administrator or Local Login to access additional services will not interfere with the Trader’s exchange login.

Defining Group Level Risk Administrator (GLRA)

The format of the GLRA login is MEMBRGRPYYY, where MEMBR is the membership ID of the GLRA, GRP is the group ID of the GLRA, and YYY is the trader ID. The trader ID can be anything, but must be preceded by MGR.

 

Member: MEMBR

Group: GRP

Trader: MGRYYY

 

The GLRA sets risk parameters for all traders who belong to the membership ID MEMBR and the group ID GRP.

However, note that the GLRA can access only those product tables that match the market in which he is currently logged. GLRAs do not have access to all product tables.

Defining Member Level Risk Administrator (MLRA)

The Member Level Risk Administrator (MLRA) login account allows member ID-specific (market-specific) risk parameters (refer to ). A trading firm will typically have a different member ID for each market in which it trades.

Trader IDs must include the prefix 'MGR'. However, that prefix may be followed by any set of letters or numbers. As such, many members with the same privileges attached to their MLRA login IDs, may be logged in simultaneously. When this happens the risk parameters set by the last member to publish, will be in effect. When logging into Guardian with this ID, you can view, load, and set parameters for traders who have the same member ID only.

The clearing member will have access to risk parameters for all members if multiple members use the same member ID in one gateway. If a member firm uses the same member ID for trading in two markets, then the MLRA login allows the risk admin firm to load, edit, and publish risk parameters for both markets. If a member firm uses multiple member IDs to trade in a single market, then the risk admin firm must log in with each MLRA login successively and separately edit the risk parameters for each member ID.

The format of the member-level supervisor login is <Member ID>, XXX, Xsupervisor; therefore, it is consistent with the MLRA login ID format. The MLRA will become a group-level risk administrator if the group ID is anything but XXX. Upon logging in as a Guardian Administrator (<Member ID>, <Group ID>, <anything>), you can edit risk parameters only for traders with member and group IDs that match those of the login.

The MLRA can edit the and because both of these contain parameters that affect risk management (margins and currency conversion factors affect credit utilization). And since all MLRAs have the right to edit and publish these tables, the last one to publish takes effect. However, the MLRA can access only those product tables that match the market in which he is logged. MLRAs do not have access to all product tables.

Note: This account does not allow for circumstances under which different products traded within one membership are cleared by different clearing members.

MLRA Use Example - Clearing Members

A single clearing member may clear trades for several different firms. For example, MTP uses ING as the clearing firm for the CME, but uses other clearing firms for the TT Euronext Futures and LIFFE markets. As the clearing firm for MTP, ING can log into Guardian and manage the for the individual traders at MTP only for the CME exchange, but not for the TT Euronext Futures and LIFFE exchanges. This eliminates a conflict of interest.

TTNET Login

TTNET was created for network managers or computer support technicians working at trading firms. The TTNET login ID provides access to product and network-related Guardian administrative functions, but not to any risk management features (refer to ). In other words, TTNET provides all TTADM privileges except those for risk management. Access to a trader’s risk parameters should be granted only to the clearing member administrator.

Because a trader ID can consist of anything numerical or otherwise, there can be many TTNET login IDs with the same privileges, and each of those can be logged in simultaneously. The last one to publish risk parameters will take effect.

TTRISK Login (Group Level)

The format of the group level TTRisk login is TTRISKGRPYYY, where TTRISK is typed as is, GRP is the group ID of the TTRISK trader, and YYY is the trader ID.

The Group level TTRISK has privileges to edit the risk parameters for all traders who belong to group ID GRP.

However, note that the TTRISK can access only those product tables that match the market in which TTRISK is currently logged. TTRISKs do not have access to all product tables.

TTRISK Login (Member Level)

The TTRisk login ID provides access to risk management (refer to ) only. No other TT Administrator functions are available with this login. TTRisk is not a member-level login, but rather it is a full Admin login with access to all risk parameters for all markets (for all of the exchanges to which they connect via TT Gateways).

TTADM-XXX-<anything> and TTRISK-XXX-<anything> are the only risk administrators who have access to all product tables at all times. All other risk administrators can access only those product tables that match the market in which they are logged.

Note: The TTRisk login is most useful for risk managers at clearing firms where they clear their own trades for all markets traded, because they can set their own risk parameters and not rely upon an external clearing member.

Because the trader ID consists of anything numerical or otherwise, there can be many TTRISK login IDs with the same privileges, and each of those can be logged in simultaneously. The last one to publish risk parameters takes effect.

From a clearing firm perspective, for a broker/dealer that acts as its own clearing firm for several exchanges, the broker must be able to manage the risk parameter for the traders on all three exchanges. However, the broker does not have a need for superuser privileges (only for risk management privileges).

TTORD and TTORDyy Logins

Guardian supports TTORD and TTORDyy memberships where "yy" is treated as a membership for non-exchange member trading houses.

Note: When you use TTORD IDs, the combined Group and Trader ID cannot exceed eight characters.

Installations where a gateway is made available to multiple non-member clients, who are supplied with TTORD logins only, are allowed to separately manage the risk of their own traders without any visibility to other non-member (TTORD) site/traders. The exchange member can assign to its non-member sites a TTORD or TTORDyy membership, where yy are any two unique characters or numbers. The non-member sites can then create a TTORDXXX001 or TTORDyyXXX001 login to risk manage all TTORD and TTORDyy traders respectively. The yy essentially acts as a unique membership for all non-member trading firms that are with the firm possessing the actual exchange membership. In the same way, TTORD acts as a separate and unique membership.

Note: When a risk record is not present for a TTORD XXX MGR or TTORDyy XXX MGR login, you can change/publish risk but the data does not validate against your own risk record.